European Stars And Stripes (Newspaper) - October 24, 1988, Darmstadt, Hesse The no savings generation what will a Penny buy at the Candy counter very Little these Days by Melissa Sones United press International puppies might belter be called lha no savings generation huddled on the lower rung of the 76 million member baby Boom they re Short sighted fast spending and headed Tor a mid life crisis. Thai s whal makes How to avoid a mid Lilc financial crisis a Musl read Lor the thirty something set. Who according to Oul hoi Richard Eisenberg. Love Vars and High tuition colleges paid Lor by mom and dad but Don t even know their personal assets and liabilities. Their Are a Tot of people in their late 20s and Early 30s who have not managed their finances at All and then they have a major expense like a horns or a child he said. When they Hil 40, in s gelling Lale Here Are the worst habits of he no savings Market crashed generation As discussed by Eisenberg 32. A senior editor at Money Magazine. Killer Cash machines. If you Lake out $100 every two weeks for extra pocket Money that can amount to $2,500 Over the course of a year. That Money could be used Lor serious expenses like paying off advice write checks. Credit cards or please take my Money. A lot of people Are still using the same card they got when they Gol out of College and most of them Are charging 18,19, and 20 percent inheres a there is no reason to have that advice if you pay on time it does t matter. Otherwise look or one Hal charges 14 percent. The Bank name is what counts and Many Banks advertise their rates. Call them request a form ill in out and then wite your old Hank dear Money eater. I hereby cancel my credit card. Boring benefits this generation does t think about company benefits because it s Boring but actually be Clits can be Worth a third of your advice know exactly what you re company provides including insurance and savings plans. Insurance. The bad habit is not asking enough questions. You May save 30 percent of premiums which could save hundreds of advice ask Tor Al discounts such As non smoker discounts. Ask if you will owe less if you Are Security conscious . You have a car or House alarm. Ask How much you could save by increasing your deductibles or the amount you would pay out of pocket in the even of a loss. Checking accounts. A lot of us have the first checking account we Ever had and it probably in t the right one. No two Banks Are alike and most change checking accounts Over Tho years so you May find you be got an account that s charging you More than you re earning on advice research. Newspapers list Banks with minimum balances and Lees or. Ii you re Lazy Call live big local Banks request minimum balances fees and Check writing charges. Thai could save somebody $300 in the course of a the Small annoying things or. How i can save �4500 this year. Advice mid Lite crisis has an annoying Chart to help you along. Subscribe to newspapers instead of buying newsstand save $100, buy Lood in Large sizes save $500. Buy clothes Al discount. $500. Use a Cut Ralo phone company. 1100. Pay of credit cards last. $200 bring your lunch to work $1,000. Quit smoking s100-s300. Tax torture for juniors. This age group has lost important lax Breaks and will have to work harder to gel Breaks in the future warns Eisenberg. Income averaging Lor instance helped Young people in advice buy an easy to read guide to the new lax Law and study it. Just knowing the new Law can save you a Lew Hundred dollars in As Breaks go. A Home Vilice it you can swing it. Could Cut your tax Bill by $1,000 or no thank you i Don i invest. Of you be saved s6.000. Bul what now the worst habit is not investing Al All. I d say Hall the people in my age group All into Hal category and the Stock Market crash has scared even More away said Eisenberg. Advice painlessly put a Small amount every month in a lax deferred company savings plan. Next. Look Lor a Mutual Lund find one you want and Send them a Check. Pitiful planners and bullying brokers. My Rule o thumb is if your family income is $50,000 or Over you should consider hiring a financial planner. The problem is Linding a Good one. Anyone can Call themselves a financial planner. There s no licensing advice look Tor someone with a certified financial planning degree. Be sure the planner is Able to recommend specific investments not All can and has a Broad background that includes estate and retirement planning credit taxation and insurance. Money midget goes highly manager. Don t get greedy said Eisenberg. Lately a lol of people Gol burned by reaching too much for that extra amount of yield especially people investing in Bonds Mutual funds or even Bank accounts. They Don t remember that by reaching for Hal extra yield they re taking extra advice stick to federally insured Banks and savings and Loans and Mutual funds with consistent and steady performance. I would never get a credit card from the highest yielding Bank in the country i would never buy a Mutual Lund irom the highest yielding mul ural fund in the y Page 14 the stars and stripes by Bob Arndorfer Gainesville Fla Sun of re in the american Candy aisle a land of delights where your Sweet tooth can live out its sugar coated fantasies. Burning a Hole in your pocket is a shiny Penny eager to serve. What will it buy a Penny Hanhah Shahal thai s essentially the response you get irom Candy retailers when you ask them How much a Penny buys these Days. Nothing. Not for a responded Al Benton manager of the Collon s min a Mart in Gainesville fla., where a Long aisle beckons Candy lovers Wilh an abundance of Nickel and dime treats bul very Lille for less Money. Actually there is one Candy item in his store that does sell Tor 1 cent. 11 you put a Penny in a Bubble gum machine twist the Crank and hold your hands hopefully under the Metal Chule Bubble gum trickles out not 20 balls not a dozen but one lonesome Little sphere of coloured Gummy sugar. And if you buy a Quarter s Worth of Candy you can spend a Penny on the lax. A Nickel that s what Penny Candy is these Days said Vicky Holder a clerk at the i Champ store Nea Howard Bishop Middle school in Gainesville. There in t even two Penny Candy anymore. And the 3-cent things Are going out said benign who has been in the retail grocery business since the 1940s, when a Penny seemed to buy Wagon loads of goodies. Today s american Candy store is usually a convenience store or the less ubiquitous neighbourhood grocery. Few supermarkets Deal in the Type of Candy that would interest a person with Only a Nickel or dime to spend they prefer to sell Multi packs that Cost dollars or individual Candy bars that Start at 50 cents. At Harvey s Market a neighbourhood store in Gainesville Bubble gum is the hottest seller among the dwindling line of 3-cent delights. You can t keep it in said owner Wayne Gabb. There Are still some candies available in bulk that he could retail for a Penny of two Gabb said but they re so poorly wrapped and of such dubious Quality that he refuses to order them. Individual Kraft caramels noticeably thinner than the Standard packaged cubes of Tan chevies and Peppermint balls Are among the last 3-centers Al Grove Park grocery a Little country Market Between monday Octoba
